Sacks & Associates LLC Makes New Investment in iShares U.S. Telecommunications ETF $IYZ

Sacks & Associates LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,231 shares of the exchange traded fund’s stock, valued at approximately $1,821,000. iShares U.S. Telecommunications ETF makes up about 1.3% of Sacks & Associates LLC’s portfolio, making the stock its 25th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in iShares U.S. Telecommunications ETF by 25.5% in the first quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock valued at $70,243,000 after acquiring an additional 363,423 shares during the period. Advisortrust Partners LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the first quarter worth $12,322,000. WealthCare Asset Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the fourth quarter valued at about $7,871,000. Monument Capital Management bought a new stake in iShares U.S. Telecommunications ETF during the 3rd quarter valued at approximately $5,510,000. Finally, Three Seasons Wealth LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 95.3% in the second quarter. Three Seasons Wealth LLC now owns 249,263 shares of the exchange traded fund’s stock worth $10,546,000 after buying an additional 121,621 shares in the last quarter.

iShares U.S. Telecommunications ETF Trading Down 0.7%

Shares of iShares U.S. Telecommunications ETF stock opened at $42.67 on Friday. The stock has a 50 day moving average of $42.75 and a 200 day moving average of $42.16. iShares U.S. Telecommunications ETF has a 12 month low of $31.06 and a 12 month high of $46.07. The firm has a market cap of $787.26 million, a PE ratio of 14.09 and a beta of 0.90.

iShares U.S. Telecommunications ETF Profile

iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.